If you owned or worked for a business, you’ll know that a large portion of attracting new clients is through marketing. Whether it was a slot during a TV program or display ads on YouTube or Google, billions are spent by companies to attract new customers.
That is until the rise of the social influencer. Since 2020, traditional advertising has crashed as the efficacy of network marketing has become that much more appealing for companies.
What this means for the average joe is more and more companies are seeking out individuals that are capable of networking with others to refer new clients their way. The untapped potential of being a business referrer could mean an additional income stream for you.
Even in the high-stakes world of online trading, individuals with no experience can still profit from the financial markets simply by referring others to reputable, award-winning brokers, such as CMTrading.
Grab your financial freedom
At CMTrading Partners, our mission is to uplift and help those seeking an alternative income stream by giving them the skills and the platform to build and grow a successful business. More on this later in the article…
Referral marketing trumps traditional adverts
Referral marketing has grown tremendously since 2020, and it is an opportune time to get involved with this dynamic industry. Referral marketing has the power to transform lives and provide steady income.
It’s not just social influences that are key, consumers are searching for trusted, word-of-mouth recommendations for services and products. It goes beyond simply informing someone of a company, you need to be able to form relationships.
What is referral marketing?
Simply put, referral marketing is a way of attracting new customers to a product/service by using referrals. The power of social networks means anyone can create and tap into existing networks and earn a living as a business referrer.
What’s the appeal of referral marketing:
• Companies can tap into a new form of marketing.
• Clients and customers can create strong networks with each other.
• Customer satisfaction is usually higher.
• Entrepreneurs can enjoy quicker and cheaper growth.
• Business referrers are independent and choose their hours.
Many companies have already turned referrals into part of their business model. Uber generates growth as clients refer others and AirBnB provides discounts for clients who refer their friends.
How effective is referral marketing? Statistics show that referred customers are 18% more loyal and spend 13% more than their non-referred counterparts. This shows the power of trust consumers have in personal relationships compared to traditional advertising.
The market is growing fast, and more companies are switching marketing budgets to funding business referrer programs. Referrals have grown an incredible 425% since 2020 and what’s more, these programs work; 86% of companies with active referral strategies have seen better growth over the past two years to 2022.
The economic backlash of the COVID-19 pandemic saw thousands of business shutdown. In turn, this drastically reduced advertising spend on traditional platforms such as Facebook and Google. While many industries’ market value suffered, referral marketing has grown.
According to Fortune Business Insights, the main driver behind this growth opportunity is the growing preference of businesses and customers for in-person referral and affiliate marketing solutions. These are not only more convenient but also more cost-efficient when compared to the millions spent on traditional adverts.
All this means that as long as you have a drive to network with others, you can tap into a growing market and earn a living from referring others.
How does it work?
Becoming an IB is an easy and exciting way to increase your income, as there’s no cost to sign up. As an IB you can work from anywhere, anytime, and promote us in any way you want.
We provide very competitive commission plans for client referrals. Our partner portal tracks client activity, onboarding, and revenue generation in real-time. When you get started, you receive access to all our reporting tools and statistics, and all commissions are automatically paid on each closed trade.
You benefit from an unlimited number of referral campaigns, and you immediately get access to our marketing tools, completely customized for your target audience.
What’s in it for you
Take advantage of our exclusive conditions
- Unlimited number of referral campaigns
- Partner with an award-winning broker
- Great rates and commissions
- Full marketing support
- Dedicated Account Manager
- And much more…
Become an IB in 3 easy steps:
Complete our fast and secure application form.
Receive your unique tracking link to get started.
Track your referrals in real-time and begin earning rebates.
Learn more about our IB program
Register and start an Introducing Business (IB) with CMTrading
Becoming an IB is an easy and exciting way to earn money – simply refer traders to CMTrading and let us do all the work! In return for referring clients to CMTrading, our IBs will receive a favorable commission.
So go ahead, start referring clients and earn money when they trade. It’s that simple!